Montenegro - Media Review – October 13

VIJESTI

- Montenegrin troubled aluminium smelter KAP could turn into a modern and competitive company in a several years but not without job cuts, CEO Viacheslav Krylov said. According to a draft four-year restructuring plan KAP and its affiliates will employ 1,100 to 1,200 people, half of its current workforce, and will produce 120,000 tonnes of aluminium yearly.

- The commission in charge of the privatisation of the company operating the marina in Montenegro’s Adriatic port of Bar has accepted all three bids placed in the tender and will rank them by the end of the week. Russian consortium Expert Marine, a group of firms led by Budva-based Multi Capital, and Podgorica-based Bemax are the three candidates vying for a 54.35% stake in the marina and a 30-year concession on the facility.

RTCG

- British company EUECO is interested in buying a plot of land in the centre of Montenegrin Adriatic town of Budva and building a hotel there, which will be operated by Hilton, the Vijesti daily reported.

- Montenegro's government will soon launch a new procedure for the selection of a strategic partner in the construction of a cement factory in the northern town of Pljevlja, Economy Minister Branko Vujovic said. Germany’s CEMAG and other firms have shown interest in the project but withdrew due to problems in their businesses.